Kuala Lumpur, January 9 - Hong Leong Asset Management Bhd (“Hong Leong AM” or “the Company”) launches its first Shariah-compliant Environmental, Social and Governance (“ESG”) fund, the Hong Leong Global Shariah ESG Fund (“HL Global Shariah ESG Fund” or “the Fund”), which aims to provide investors with medium- to long-term capital growth by investing in a globally diversified Shariah-compliant portfolio of securities focusing on ESG criteria in its investment process. The HL Global Shariah ESG Fund is the second ESG fund launched by Hong Leong AM within the past nine (9) months reflecting the Company’s commitment towards sustainable investing.
Hoo See Kheng, Chief Executive Officer of Hong Leong AM said, “We are pleased to launch our first Shariah ESG fund, the HL Global Shariah ESG Fund to meet the demands and growing interest for Shariah-compliant, sustainable investments. Combining the strength between our in-house investment team’s and research team’s expertise, and further benchmarked against the S&P Global 1200 ESG Shariah Index, this demonstrates Hong Leong AM’s commitment to delivering sustainable returns to our investors while providing the opportunity to align their investment goals and personal values.”
Noor Aini Binte Shaik Awab, Chief Executive Officer of Hong Leong Islamic Asset Management Sdn Bhd (“Hong Leong Islamic AM”) said, “The HL Global Shariah ESG Fund is launched at an ideal time, where both ESG and Islamic finance are trending themes. It is encouraging to observe that today’s investors seek more than just financial returns; they have a clear vision and want investment vehicles that do not compromise the environment and faith-based values. Furthermore, Malaysia is recognised as a leading Islamic fund hub across the globe¹, bringing forth new prospects to investors who are in search of Shariah-compliant ESG funds. With the launch of the HL Global Shariah ESG Fund, we are delighted for the investors as they are now presented with a new, ethical and meaningful investment opportunity”.
Hong Leong Islamic AM is the appointed external fund manager for the HL Global Shariah ESG Fund. The Fund is distributed through Hong Leong AM offices and Hong Leong AM agency force nationwide and is priced at RM1.0000 per unit during the initial offer period (“IOP”) until 29 January 2023. The minimum initial investment is RM1,000 while the minimum additional investment amount is RM100. Additionally, the Fund is also distributed via Hong Leong AM’s online portal – HL iSmart Invest.
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About Hong Leong Asset Management Bhd (“Hong Leong AM” or “HLAM”):
Hong Leong AM is an asset management company within the Hong Leong Financial Group of companies. Hong Leong AM establishes and distributes unit trust funds, wholesale funds, customised portfolio solutions and Private Retirement Scheme to the retail and institutional segments. Hong Leong AM’s wholly-owned subsidiary, Hong Leong Islamic Asset Management Sdn Bhd (“HLISAM”) has been appointed as an external Fund Manager with effect from 17 April 2020, to offer Islamic-based fund management services.
Visit http://www.hlam.com.my for more information on the HL Global Shariah ESG Fund.
Disclaimer:
This press release has not been reviewed by the Securities Commission Malaysia.
Before investing, investors are advised to read and understand the contents of the following:
·Hong Leong Global Shariah ESG Fund’s Prospectus (“HLGSESGF Prospectus”) dated 9 January 2023 and the Product Highlight Sheet (“PHS”).
A copy of the Prospectus and PHS for HLGSESGF can be obtained from any of Hong Leong Asset Management Bhd’s offices, or authorised distributors and investors have the right to request for it. Investors should also consider the fees and charges involved before investing. Investors should be aware of the risks associated with each fund before investing. The Fund may not be suitable for all and if in doubt, investors should seek independent professional advice.
The S&P Global 1200 ESG Shariah Index is a product of S&P Dow Jones Indices LLC, its affiliates (“SPDJI”), and has been licensed for use by Hong Leong Asset Management Bhd. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Hong Leong Asset Management Bhd. Hong Leong Global Shariah ESG Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P Global 1200 ESG Shariah Index.